THE DEFINATION IS GIVEN BY THE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANT (AICPA).
ACCOUNTING IS AN ART OF RECORDING, CLASSIFIED AND SUMMERING IN A SIGNIFICANT MEMBER AND IN TURNS OF MONEY, TRANSACTION, AND EVENT WHICH HAVE A RESULT.
By referring the video you will definitely know the terms and concepts used in accounts and definitely, you will score much as possible.
Presented by Aaron Benedict de Leon at the Trainers' Training for the Development of Bangsamoro Political Party | Best Western Hotel La Corona, Ermita, Manila | March 26-31, 2014
this slide will give you a brief idea about cash management and motives for holding cash...its very simple slide...you can easily understand the context with the help of pictures
Facilitator: Robbie Dircks, Associate Director & CFO, University of North Carolina Press
Panelists: Mike Bieker, Director, University of Arkansas Press; Dan Wackrow, Chief Financial and Operating Officer, Harvard University Press
Presented by Aaron Benedict de Leon at the Trainers' Training for the Development of Bangsamoro Political Party | Best Western Hotel La Corona, Ermita, Manila | March 26-31, 2014
this slide will give you a brief idea about cash management and motives for holding cash...its very simple slide...you can easily understand the context with the help of pictures
Facilitator: Robbie Dircks, Associate Director & CFO, University of North Carolina Press
Panelists: Mike Bieker, Director, University of Arkansas Press; Dan Wackrow, Chief Financial and Operating Officer, Harvard University Press
Financial accounting in Masters of Management Studies by Prof. Subhash DalviKartik Mehta
It's all about Financial Accounting:
Financial accountancy is governed by both local and international accounting standards. GAAP (which stands for Generally Accepted Accounting Principles) is the standard framework for guidelines for financial accounting used in any given jurisdiction. It includes the standards, conventions and rules that accountants follow in recording and summarising and in the preparation of financial statements. On the other hand, IFRS (International Financial Reporting Standards) is a set of international accounting standards stating how particular types of transactions and other events should be reported in financial statements. IFRS are issued by the International Accounting Standards (IASs).
The second presentation from Vienna Value Investing meetup, wee discussed value decomposition, how to estimate asset value and how to predict future earnings of a stock.
This presentation talks about Meaning, of accounting, distinction between book keeping and accounting, Branches of accounting, Objectives of accounting, Uses and users of accounting information, Advantages of Accounting, Is accounting a science or an art, double entry system of financial accounting, limitations of financial accounting, important terms, journal entry, accounting concepts and conventions
Financial accounting in Masters of Management Studies by Prof. Subhash DalviKartik Mehta
It's all about Financial Accounting:
Financial accountancy is governed by both local and international accounting standards. GAAP (which stands for Generally Accepted Accounting Principles) is the standard framework for guidelines for financial accounting used in any given jurisdiction. It includes the standards, conventions and rules that accountants follow in recording and summarising and in the preparation of financial statements. On the other hand, IFRS (International Financial Reporting Standards) is a set of international accounting standards stating how particular types of transactions and other events should be reported in financial statements. IFRS are issued by the International Accounting Standards (IASs).
The second presentation from Vienna Value Investing meetup, wee discussed value decomposition, how to estimate asset value and how to predict future earnings of a stock.
This presentation talks about Meaning, of accounting, distinction between book keeping and accounting, Branches of accounting, Objectives of accounting, Uses and users of accounting information, Advantages of Accounting, Is accounting a science or an art, double entry system of financial accounting, limitations of financial accounting, important terms, journal entry, accounting concepts and conventions
Six Sigma By Mumbai Dabbawalas | Six Sigma Daily Dot
Six Sigma By Mumbai Dabbawalas-
It is awesome to hear the story about the dabbawalas of Mumbai. They have their different stories in achieving the Six Sigma Rules.
Awesome to feel pride about Mumbai Dabbawalas.
NETAJI SUBHASH CHANDRA BOSE DOCUMENTARY-
Bose Dead Or Alive
It is the great question to many of the people that no one knows actually that Bose is dead or alive....
But we will try to show you some of the faces that can make you feel that Bose is not dead in 1945.
Tron - A New King CryptoCurrency | Tron Price Predication-
A new cryptocurrency is out in the market where there is a great upward by 27755%
It is a great news for a Investors!!!!
Top 10 Christmas Facts | By DailyDot
It is necessary to know the facts about many things like why we celebrate Christmas? And many more things.
Top 10 are important in knowing the current status of any place.
As the world is moving towards the global part of the world the world has to know the concept of the cryptocurrency as namecoin, bitcoin, litecoin, laxmicoin, etc.
Important concepts are held at an interval of basic needs.
GOODS-COMMODITIES WHICH HAVE PHYSICAL EXISTENCE ARE CALLED GOODS. IN ECONOMICS THEY ARE MEANT TO SATISFY THE NEEDS OF HUMAN BEING.
SERVICE-COMMODITIES WHICH ARE INTANGIBLE AND DO NOT HAVE PHYSICAL EXISTENCE ARE CALLED SERVICE. IN ECONOMICS THEY ARE MEANT TO SATISFY THE NEEDS OF HUMAN LIFE.
THE WORLD ECONOMICS IS DERIVED FROM ARTHASHASTRA , MEANS “THE SCIENCE OF BENEFITS IN PRACTICAL LIFE.”
THE ENGLISH WORLD ECONOMICS IS DERIVATE FROM A GREEK WORD OIKONOMOS, MEANS ”MANAGEMENT OF HOUSEHOLDS.”
THERE ARE FOUR PURUSHARTHAS-ARTH, KAMA, DHARMA, AND MOKSHA.
ANY ACTIVITY WHICH IS DONE FOR THE MONETARY CONSIDERATION OR FOR ECONOMICS GAINS IS TERMED AS ECONOMIC ACTIVITY.
ALL ECONOMIC ACTIVITY CAN BE TERMED AS PRODUCTIVE ACTIVITIES.
The History and life about the 16th president were not simple. The hardship of life was traveled from a small family to a known politician. About his history, was noted to be motivational and also inspirational.
Bhopal Gas Tragedy - The Great Tragedy in EraDaily Dot
When IT WAS CAME INTO EXISTENCE-2 DECEMBER, 1984
What does it cause-Methyl Isocyanides leak from Union Carbide India Limited storage tank
Deaths-Around 16,000 (Estimated)
Non-fatal injuries-At least 558,125
What happens earlier-During 1983 and 1984, there were leaks of MIC, chlorine, monomethyl amine, phosgene, and carbon tetrachloride, sometimes in combination.
Who was responsible-Victims of Bhopal disaster march in September 2006 demanding the extradition of American Warren Anderson from the United States?
Punishment-$17 million
Environment effect-When the factory was closed in 1986, pipes, drums and tanks were sold. The MIC and the Sevin plants are still there, as are storage of different residues. The isolation material is falling down and spreading.
Other impacts-In 1985, Henry Waxman, a California Democrat, called for a U.S. government inquiry into the Bhopal disaster, which resulted in U.S. legislation regarding the accidental release of toxic chemicals in the United States.
In 1567, when Crown Prince Pratap Singh was only 27, Chittor was surrounded by the Mughal forces of Emperor Akbar. Maharana Udai Singh II decided to leave Chittor and move his family to Gogunda, rather than capitulate to the Mughals.
In Gogunda, Maharana Udai Singh II and his nobles set up a temporary government of the kindom of Mewar. In 1572, the Maharana passed away, leaving the way for Crown Prince Pratap Singh to become the Maharana.
There are in all 10 cities that the cleanest cities rewarded by the government that they are the cleanest cities in the India
The Ranking is as follows-
1.Indore
2.Bhopal
3.Vizag
4.Surat
5.Mysore
6.Trichy
7.New Delhi
8.Navi Mumbai
9.Tirupati
10.Vadodara
When he was inventing the bulb, he attempted an total 10000 bulbs which was been exploited as the experiments was some how different and not eligible but after trying experiment on 10,001 bulbs, he was succeeded and became the father of bulb and who was remembered till now.
William Shakespeare- The great Poet of all TimeDaily Dot
Shakespeare is widely considered the world’s greatest dramatist.Shakespeare has given many words (estimate of 1,700 – 3,000) to the English language.Estimations of Shakespeare’s vocabulary range from 17,000 to 29,000 words.
There are more than 80 variations recorded for the spelling of his name.He wrote 38 plays and 154 works that we know about.
Albert Einstein was a German-born theoretical physicist. He developed the theory of relativity, one of the two pillars of modern physics. Einstein's work is also known for its influence on the philosophy of science.
Dolly was born on 5th July 1996 from three mothers.
She was created using the technique of somatic cell nuclear transfer.In these the cell nucleus from adult cell is transferred into unfertilized oocyte. The initial attempt to clone animal made from embryonic cell from which the DNA nucleus was extracted.The DNA nucleus was then implanted into unfertilized egg, from which existing nucleus been removed.
The Android version history has been well updated till the date from the alpha to oreo.
The versions are been updated that all should know from where it was started.
Alpha
Beta
Cupcake
Donut
Eclair
Froyo
GingerBread
HoneyComb
IceCream Sandwich
JellyBean
Kitkat
Lollipop
Marshmallow
Noughat
Oreo
For More Watch Video!!!!!
Charlie Chaplin- The Legend Of Silent FilmsDaily Dot
INTRODUCTION-
Birth-16 April 1889
Death- 25 December 1977
Cause of death- Stroke
Occupation- Actor, Composer.
EARLY LIFE-
Chaplin's childhood was fraught with poverty and hardship.
Chaplin's early years were spent with his mother and brother Sydney in the London.
ENTRY TO FILM-
Chaplin was invited to join the New York Motion Picture Company.
Chaplin arrived in Los Angeles, home of the Keystone studio, in early December 1913.
BEGINNING-
A contract was negotiated with Mutual that amounted to $670,000 a year, which Robinson says made Chaplin – at 26 years old – one of the highest paid people in the world.
RENEW-
In the last two decades of his career, Chaplin concentrated on re-editing and scoring his old films for re-release, along with securing their ownership and distribution rights.
In an interview he granted in 1959, the year of his 70th birthday, Chaplin stated that there was still "room for the Little Man in the atomic age".
DEATH-
By October 1977, Chaplin's health had declined to the point that he needed constant care. In the early morning of 25 December 1977, Chaplin died at home after suffering a stroke in his sleep.
THE LETTER-
"I wanted everything to be a contradiction: the pants baggy, the coat tight, the hat small and the shoes large ... I added a small mustache, which, I reasoned, would add age without hiding my expression. I had no idea of the character. But the moment I was dressed, the clothes and the makeup made me feel the person he was. I began to know him, and by the time I walked on stage he was fully born."
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
how to sell pi coins in Hungary (simple guide)DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the what'sapp contact of my personal pi merchant below. 👇
+12349014282
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the what'sapp contact of my personal pi vendor
+12349014282
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
2. INTRODUCTION
• THE DEFINATION IS GIVEN BY THE AMERICAN INSTITUTE OF CERTIFIED
PUBLIC ACCOUNTANT (AICPA).
• ACCOUNTING IS AN ART OF RECORDING, CLASSIFIED AND SUMMERISNG IN
A SIGNIFICANT MEMBER AND IN TURNS OF MONEY, TRANSCATION AND
EVENT WHICH HAVE A RESULT.
3. CHARACTERISTIC OF ACCOUNTING
• FINANCIAL
• MONEY HAS MEDIUM OF EXCHANGE
• CLASSIFICATION AND ANALYSIS OF TRANSCATION
• INTERPRETATION OF TRANSCATION
• QUANTITATIVE INFORMATION
• ECONOMICS DECISION
• HISTORICAL INFORMATION
4. OBJECTIVE OF ACCOUNTING
• TO KNOW THE EFFECT OF TRANSCATION
• PERMANENT RECORD
• TO KNOW THE INFLUENTIAL FACTORS
• TO DETERMINE TAX AVAILIBILITY
• TO KNOW QUANTUM OF PAYABLE
• TO KNOW QUANTUM OF RECEIVABLE
• TO MEASURE PROFIT
• TO DETECT AND AVOID ERRORS AND FRAUDS
5. ACCOUNTING
ADVANTAGE DISADVANTAGE
AVAILIBILTY OF INFORMATION
TO KNOW PROFIT
TO KNOW FINANCIAL STATUS
TAX PLANNING
VALUATION OF BUSINESS
DECISION MAKING
AS AN EVIDANCE
COMPARISON WITH PAST RECORDS
MORAL CONTROL
CORRECTIVE MEASURES
NON-FINANCIAL
STABLE VALUE OF MONEY
HISTORICAL TRANSCATION AND EVENTS
AVOIDNESS OF MARKET PLACE
USE OF ESTIMATES
DUAL STANDARD
6. TERMINOLOGY
• BUSINESS TRANSCATION-THE EXCHANGE OF PRODUCT OR SERVICE BETWEEN
TWO OR MORE THAN TWO PERSON IN BUSINESS FOR CASH OR CREDIT.
• CAPITAL-AN INVESTMENT MADE BY THE OWNER TO CONSUMER THE
BUSINESS IS KNOWN AS CAPITAL.IT CAN BE MADE IN CASH OR ASSET FORM.
• DRAWING-WHEN OWNER OF BUSINESS WITHDRAW CASH OR ANY ASSET FOR
PERSONAL PURPOSE IS DRAWING.IT RESULT IN REDUCTION TO CAPITAL.
• ASSETS-ANY TANGIBALE OR INTANGIBLE PRODUCT ON WHICH OWNERSHIP IS
OF BUSINESS AND HAS ECONOMIC VALUE.THE DURATION OF THAT THING
WILL BE LONG-TERM.
• VOUCHER-IT IS A WRITTEN DOCUMENT ON THE BASIS OF WHICH
TRANSCATION OF BUSINESS ARE RECORDED IN THE BOOKS OF ACCOUNTS.
7. ASSETS
NON CURRENT CURRENT FICTITIOUS
THEY ARE IDENTIFIED BY
TIME.THEY ARE AVAILABLE FOR
THE PERIOD OF MORE THAN
ONE YEAR.THEY ARE ALSO
CLASSIFIED AS TANGIBLE AND
INTANGIBLE ASSETS
THE ASSET WHOSE TIME
DURATION IS OF SHORT OR
LESS THAN ONE YEAR.
LIQUID ASSETS-ALL THE
CURRENT ASSET EXLUDING
STOCK.
REAL ASSETS-ALL THE ASSETS
EXLUDING STOCK ARE
RECOGNIZED AS LIQUID
ASSETS.
ASSETS WHICH DON’T HAVE
PHYSICAL FORM AND CANNOT
CONVERT INTO CASH AND DO
NOT HOLD ANY VALUE.THE
BENEFIT FOR THAT IS
AVAILABLE AFTER ONE YEAR.
8. LIABILITY
• AMOUT PAYABLE BY THE BUSINESS FOR CREDIT PURPOSE OF GOOD OR
AMOUT PAYABLE FOR BORROWED.SO, THE MONEY IS PAYABLE IN FUTURE.
CURRENT LIABILITY NON-CURRENT LIABILITY
A LIABILITY WHICH IS TO BE
PAID IN ONE YEAR BY THE
BUSINESS.
EXAMPLE-OUTSTANDING
SALARY
A LIABILITY WHICH IS PAID
DURING THE PERIOD OF MORE
THAN ONE YEAR BY THE
BUSINESS.
EXAMPLE-BANK LOAN
9. RECIPTS
• WHEN MONEY IS RECEIVED DUE TO BUSINESS CONSEQUENCES IT IS
CALLED RECEIPT.
CAPITAL RECIPT REVENUE RECIPT
THE RECIPT THAT IS NOT
RECEIVE REGULARLY AND
WHICH IS PROCURED FROM
THE SALE OF ASSET OR
DEBENTURE.
THE RECIPT WHICH WOULD
REMAIN CONSTANT AND
PROFIT IS EARNDURING THE
YEAR OR LOSS IS
INCURED.THESE RECIPTS RISE
FREQUENTLY.
10. PAYMENTS
• MONEY PAID DUE TO BUSINESS TRANSCATION ARE PAYMENTS.IT IS
KNOWN AS EXPENDITURE.
CAPITAL EXPENSE DEFERRED REVENUE
EXPENSE
REVENUE EXPENSE
THE PAYMENT WHICH
IS NOT REGULAR IN
NATURE.
THIS IS FICTIOUS
ASSET.BENEFIT OF
SUCH EXPENSE
AVAILABLE FOR A
LONGER PERIOD.
THE PAYMEN WHICH
REMAIN CONSTANT
DURING THE YEAR
AND USE IN
DETERMINATION OF
PROFIT-LOSS.
11. TERMINOLOGY
• PROFIT-AFTER DEDUCTION OF REVENUE EXPENSE FROM INCOME OF ONE
YEAR, THE REMAINING SURPLUS IS KNOWN AS PROFIT. THIS PROFIT IS
REVENUE PROFIT.IF IRREGULAR PROFIT OCCUR THAN IT IS CAPITAL
PROFIT.
• LOSS-THE DIFFERENCE OCCUR DUE TO REVENUE INCOME FROM
REVENUE EXPENSE IS LOSS.THE COMPETITION OF LOSS IS CONTRARY TO
PROFIT COMPETITION.
• GOODS-PRODUCT OR ITEM IN WHICH A BUSINESSMAN IS TRADING ARE
KNOWN AS GOODS.
• PURCHASE-A BUSINESS PURCHASE GOODS FOR THE BUSINESS,IT IS
TREATED AS PURCHASE IN ACCOUNTING.
• SALES-WHEN A BUSINESSMAN SELLS GOODS IN WHICH HE IS TRADING IS
KNOWN AS SALES.
• STOCK-GOODS PURCHASED BY BUSINESSMAN AND REMAIN UNSOLD ARE
THE STOCK OF BUSINESS.
12. DEBTORS AND CREDITORS
• WHEN A BUSINESSMAN SALES A GOOD TO HIS OWN USTOMERS, THOSE
CUSTOMERS KNOWN AS DEBTORS.THEY ARE TREATED AS CURRENT
ASSET.ANY AMOUNT RECEIVE BY BUSINESS FROM SUCH APERSON IS
RECEIVABLES.
• CREDITORS AND PAYABLE-A BUSINESSMAN WHEN PURCHASE GOODS ON
CREDIT FROM A PERSON, THAT PARTICULAR PERSON BECOME CREDITOR
OF BUSINESS.THEY ARE TREATED AS CURRENT LIABILITY.AMOUT TO BE
PAID IN FUTURE IS KNOWN AS PAYABLE.
13. DISCOUNT
• MANY ATIME FROM TOTAL AMOUNT OF PURCHASE OR SELL,CERTAIN
AMOUNT IS DEDUCTED AND ONLY REMAINING AMOUNT IS PAID.THE
AMOUNT WHICH IS DEDUCTED FROM TOTAL AMOUNT IS DISCOUNT.
TRADE DISCOUNT CASH DISCOUNT
AT THE TIME OF SALE, A
BUSINESSMANDEDUCT
CERTAIN AMOUNT OR % FROM
SALE PRICE.
THEY ARE NOT RECORDED IN
THE BOOKS OF ACCOUNTS.
TO ATTRACT THE CUSTOMER,
WITH PURPOSE TO RECEIVE
QUICK COLLECTION OF SALE,
THE AMOUNT DEDUCTED FORM
RECEIVABLE AMOUT.
14. METHODS OF PREPARING ACCOUNTS
• DESI NAMA SYSTEM-
IT IS AN ANCIENT METHOD OF WRITING ACCOUNT.GENERALLY, IT IS USED
BY SALE PROPARTEL AND PARTNERSHIP FIRM.ROJMAIL IS THE PRIMARY
BOOK OF THIS ACCOUNT.KHATAVAHI IS A SECONDARY BOOK.THIS METHOD
ALSO KNOWN AS BAHIKHATA SYSTEM.GRADUALLY, THIS SYSTEM OF USE
HAS REDUCE
15. DOUBLE ENTRY SYSTEM
• A MATHEMATICIAN OF ITALY, LUCA PACILIO CONSIDER THE FATHER OF
THIS SYSTEM.
BASES OF DOUBLE ENTRY SYSTEM
MERCANTILE BASE CASH BASE MIXED BASE
IN THIS WHEN ACCOUNTS ARE
PREPARED ALL TRANSCATION
OF THAT YEAR IS CONSIDER
RECIPTS OF THOSE
TRANSCATION.
UNDER THIS SYSTEM ONLY
CASH TRANSCATION OF THAT
RESPECTIVE ACCOUNTING
YEAR CONSIDER IN PREPARING
ACCOUNT.
THIS METHOD IS MODIFY
VERSION OF MERCANTILE
SYSTEM.IT IS THE MIXTURE OF
MERCANTILE AND CASH
SYSTEM.
16. TERMINOLOGY
• DEPRECIATION-EVERY YEAR THE VALUE OF FIXED ASSET REDUCE BY
CERTAIN AMOUNT.IT IS TREATED AS EXPENSE OF BUSINESS.IT IS KNOWN
AS NON-CASH EXPENSE.
• BAD DEBTS-WHEN GOODS ARE SOLD TO BUSINESSMAN ON CREDIT TO A
DEBTOR, MANY TIME THE DEBTOR MAY NOT ABLE TO PAY FULL AMOUNT
IN SUCH CASE THE BUSINESS INCURED A BAD DEBTS ACCOUNT.
• SOLVENT-A PERSON WHO PAYS FINANCIAL OBLIGATION REGULARLY AND
WHOSE ASSET ARE MORE THAN LIABILITY, THAT PERSON IS KNOWN AS
SOLVENT PERSON.
• INSOLVENT-A PERSON WHO IS NOT CAPABLE OF PAYING THE AMOUT TO
THE BUSINESS FROM WHICH HE LEND MONEY THAN SUCH PERSON WILL
BE INSOLVENT IF THE COURT ORDER.